Table of Contents
VR-181 or the Maryland Motor Vehicle Bill of Sale form is a legal instrument released by the Maryland Motor Vehicle Administration Department. Preparing this form is very important to establish the vehicle purchase price. The form has two spaces for notarization. However, use the second space only in case any additional party to the transaction is not present during the first notarization. Leave blank if not applicable.
The bill of sale has three sections. Provide information about the vehicle in the first part. Then, enter the particulars of the parties to the transaction in the second portion. In addition, obtain notary acknowledgment in the third part.
This form is interactive. Hence, it means you can fill the requested information on the document, verify the content, and print the form. Then, take it to the notary public of Maryland State for signatures. However, remember that all parties to the transaction must sign the bill of sale especially in case of a co-ownership.
- You need a notarized bill of sale in form VR-181 in case the motor vehicle is seven years or less old. In addition, prepare this form when the vehicle book value is more than the actual sale price.
- However, you may need MVA form VR-018, duplicate certificate of title application to request a duplicate title in case the original title is not available.
- In addition, the seller requires returning the license plates to the MVA before cancelling the insurance on the vehicle to comply with the Maryland law.
How To Write: Maryland Motor Vehicle Bill of Sale Form
Enter the requested information on the form itself, verify, and print the form for signatures. Complete following steps to proceed.
- Start by writing the description of the motor vehicle like year, model, make, body style, and VIN on the respective lines.
- Then write buyer’s name on the next line.
- Continue by writing the final sale amount.
- Then write the reason for less value than the fair market value if any.
- Write current odometer reading and select any of the options to declare odometer discrepancy.
- The seller must enter print name, date, and sign before a notary public.
- The buyer must enter print name, date, and sign before a notary public.
- Obtain notary attestation in the first space.
Free Maryland Motor Vehicle Bill of Sale Form - PDF Download
Maryland law and the Maryland Motor Vehicle Administration Department mandates preparing a Maryland Motor Vehicle Bill of Sale form in the prescribed format as specified in form VR-181. You need to prepare this instrument for a vehicle seven years or less old or when the vehicle book value is higher than the actual sale value. Remember that, notary attestation of the signatures on the form is mandatory for its execution and legal standing.